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Showing posts with the label ICICI Bank

ICICI Bank launches in-store mobile-based payments with ‘mVisa’

First bank in the world to launch mobile app based ‘mVisa’ solution for consumers and merchants Mumbai:  ICICI Bank Limited, India’s largest private sector bank, today announced the launch of a service, enabling customers to make electronic payments from their smartphones at physical stores, e-commerce & other deliveries at home, radio taxis and utility billers among others. This service is based on ‘mVisa’, a new mobile payment solution from Visa. ICICI Bank is the first bank globally to launch a mobile app based ‘mVisa’ solution for consumers and merchants. With this service, users of ‘Pockets’ can make cashless payments from their smartphones using their debit card by simply scanning a ‘mVisa’ Quick Response (QR) code at a merchant location without swiping the card at an EDC machine. This service provides customers the convenience of speed to complete a transaction along with enhanced security as the card remains in possession of the customer. To use this facility